Monticello, IN vs Southport, IN

There is a significant gap in the cost of living between these two cities. Monticello is 16.1% cheaper than Southport. With a cost index of 68 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Southport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Monticello is $860/month compared to $1,081/month in Southport — a 20% difference. Home values follow the same pattern: Monticello is more affordable at $122,200 median vs $186,500.

Median household income in Monticello is $50,138 compared to $69,148 in Southport (-27.5%). While Southport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monticello spend roughly 20.6% of their income on rent, more than the 18.8% in Southport.